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business sale

Discussion in 'General Industry Discussions' started by wms145, Apr 20, 2008.

  1. wms145

    wms145 LawnSite Member
    Posts: 16

    I'm relocating for another job opportunity and need to sell my lawn care business. I have a Scagg tiger cub, honda commercial push, redmax trimmer, stick edger, and backpack blower, echo hedge trimmer, and trailor. I also have a 2004 dodge ram 4 door pick up with 60,000 miles. I have 35 lawn maintenance customers, but no contracts. I do 5 to 10 landscape jobs a month. I am unsure of how to value my business or what to sell it for. I understand that without contracts this decreases the value some what.

    Anybody have any ideas as to what price I could ask ?
  2. F3Nelson

    F3Nelson LawnSite Member
    Posts: 119


    I wish you were in KS, that would be PERFECT. I have bought out 3 lawn companies back when I used to be full time in the business. I paid 2 times the amount of the mow price, and we just worked out a price on the equipment, if we even wanted that.
  3. wms145

    wms145 LawnSite Member
    Posts: 16

    Are you saying if a customer pays 200 a month you would pay 400 for that customer?
  4. wms145

    wms145 LawnSite Member
    Posts: 16

    can any one give me an idea of a sale price?
  5. topsites

    topsites LawnSite Fanatic
    Posts: 21,653

    You need to call your customers and inform them of your situation so they can start making informed choices.
  6. F3Nelson

    F3Nelson LawnSite Member
    Posts: 119


    if they pay 40 per cut I'd pay 80, at least that how it was a long time ago
  7. KCLandscape

    KCLandscape LawnSite Senior Member
    Posts: 526

    5-10 % of gross of yearly sales is fair.

    That is how I did it.
  8. F3Nelson

    F3Nelson LawnSite Member
    Posts: 119


    how did that work out for you?

    I have someone that might wanna sell me some lawns, I told him the 2x's the cut price.

    I might consider 5% of gross

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